Looks like Gabe has put some amount of money into Steam boxes (all the different variations) and is now worried he may not make the money back.

Wonder how much capital has been invested in regards to R&D costs and manufacturing. I know it's not entirely financed by Valve, but it must be part financed by them. No company would create hardware for nothing without a partnership or some form of backing from a software provider.

What the hell is going on with them? I don't like this. It's like watching a beloved childhood pet go senile and start biting people for no reason. Let's just hope all these layoffs are due to the fact that Half life 3 just went gold and its so good half the employees of the company went insane playing it.